Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1240 and target of Rs 1290, IndusInd Bank with stop loss at Rs 1500 and target of Rs 1530 and UPL with stop loss at Rs 805 and target of Rs 840.

Benchmark indices started the week on a negative note with the Nifty falling for the seventh consecutive session on February 18. Consistent outflow of FII money along with geo-political tensions also dented market sentiment.

The 30-share BSE Sensex tumbled 310.51 points to end at 35,498.44 while the Nifty50 slipped 83.40 points to 10,641 and formed a bearish candle.

Going ahead, 10,610-10,583 is the key support zone to watch out for, he said, adding expansion in the daily Bollinger Bands suggests that an accelerated selling can be witnessed once the support zone breaks on closing basis.

According to Pivot charts, the key support level is placed at 10,592.97, followed by 10,544.93. If the index starts moving upward, key resistance levels to watch out are 10,724.47 and then 10,807.93.

The Nifty Bank index closed at 26,654.25, down 140 points on February 18. The important Pivot level, which will act as crucial support for the index, is placed at 26,571.3, followed by 26,488.4. On the upside, key resistance levels are placed at 26,783.5, followed by 26,912.8.

In an interview to CNBC-TV18, top market experts recommend which stocks to bet on for good returns:

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